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March 8, 2013
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Gaming News By the Industry, For the Industry

  Top of the Deck 
  • Pinnacle reaches deal to sell Atlantic City, N.J., property
    Pinnacle Entertainment said in a filing with the U.S. Securities and Exchange Commission that it is selling its oceanfront property in Atlantic City, N.J., to an unidentified buyer. "During the fourth quarter of 2012, we entered into a definitive agreement to sell our land holdings in Atlantic City for total consideration of approximately $30.6 million, subject to a financing contingency. The transaction is expected to close by the end of the first quarter of 2013," Pinnacle wrote in the filing. Las Vegas Sun/The Associated Press (3/7) LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • Gaming test lab celebrates new Las Vegas headquarters
    International gaming test laboratory firm BMM Testlabs, which looks to hire 100 new employees in the next two years, celebrated its new home in Las Vegas with a ribbon-cutting ceremony Thursday. "We need more room. Business is fantastic. We want to grow the pie in Southern Navada," said Mike Dreitzer, BMM Americas chief operating officer. The company has 200 workers around the world and manages 11 gaming labs. Las Vegas Review-Journal (3/7) LinkedInFacebookTwitterEmail this Story
  • Penn National plans child care services for Mass. casino employees
    In a partnership with Early Childhood Centers of Greater Springfield in Massachusetts, Penn National Gaming said it is planning to offer a child care program for the future employees of a casino it hopes to build in Springfield. "We are very honored to be able to have a relationship with this organization so that we can have top-notch care for our employees' children on site," said Jay Snowden, senior vice president of regional operations with Penn National. The Republican (Springfield, Mass.) (3/7) LinkedInFacebookTwitterEmail this Story
  • Iowa commission to tour proposed sites for land-based casino
    The five members of the Iowa Racing and Gaming Commission will visit four proposed sites for a land-based casino in Woodbury County on March 26 as part of the casino license granting process. "We do want to touch and feel those sites. There is something different about actually being there and seeing them, the access, the size, those kind of things, which do influence our decision making," commission chair Jeff Lamberti said. Sioux City Journal (Iowa) (3/7) LinkedInFacebookTwitterEmail this Story
  • Ohio casinos report February revenue of $55.5 million
    Ohio's gaming revenue increased 4.3% to $55.5 million in February from $53.2 million in January, according to the Casino Control Commission. The report contained adjusted gross revenue for the state's four casinos, including the Horseshoe Casino Cincinnati, which opened Monday. Horseshoe Casino in Cleveland took in $22 million last month, while the Hollywood Casino Columbus generated $18.5 million. The Hollywood Casino Toledo reported revenues of $14.8 million for the month. Dayton Daily News (Ohio) (3/7) LinkedInFacebookTwitterEmail this Story
  Tribal Gaming Spotlight 
  International Focus 
  • MGM withdraws from Vietnam casino project, developer says
    MGM Resorts International won't manage a casino resort under construction on the Ho Tram Strip in Vietnam, according to Asian Coast Development, the project's developer. ACDL said it was already in discussions with potential partners to replace MGM. "We thank MGM for its assistance in the hiring and training of our 2,000-strong team of Vietnamese hospitality professionals. We are delighted that we have completed the construction of the first phase of our first resort," ACDL Chief Executive Lloyd Nathan said. Reuters (3/7) LinkedInFacebookTwitterEmail this Story
  • Packer's proposed casino hotel in Sydney gets boost
    New South Wales Premier Barry O'Farrell reportedly said James Packer's plan for a casino hotel in Sydney doesn't need a casino license, giving a boost to the Australian billionaire's plan. "We're not talking about a casino license; that's what Echo [Entertainment's Star Casino] operates at Pyrmont. I've been very clear about this from day one. We will have to legislate when the exclusivity agreement with the current casino ends," O'Farrell said. Business Spectator (Australia) (3/8) LinkedInFacebookTwitterEmail this Story
  Finance & Policy 
  • Bill would trim W.Va. racinos' taxes, scale back racing
    West Virginia lawmakers introduced a bill Wednesday that would trim the taxes and fees that racinos pay by about $28.3 million annually and authorize them to reduce the number of live racing days from 200 to 150. "If a racetrack is losing money on racing, it has to consider a reduction of racing days and the viability of live racing. It's purely an economical, business model concept of the operation," said John Cavacini, president of the state Racing Association. The Philadelphia Inquirer/The Associated Press (3/7) LinkedInFacebookTwitterEmail this Story
  AGA & G2E News 
  • Read the most comprehensive economic impact study of the past 15 years
    Beyond the Casino Floor: Economic Impacts of the Commercial Casino Industry, released by the AGA in 2012, is the largest and most comprehensive study of the total impact of the commercial casino industry in nearly 15 years. The report examines not only the direct economic impact on communities where casinos are located, but the indirect and induced impacts of the industry and its employees nationwide. The study also measures the impact of the non-gaming amenities that have become a crucial part of casinos' revenue streams. Download the full report here. LinkedInFacebookTwitterEmail this Story
  • G2E Asia 2013 exhibitor spotlight: TransAct Technologies
    TransAct Technologies is the worldwide leader in the design, supply and manufacturing of slot-ticket and video lottery terminal printers under the Epic and Ithaca® brands. From impact and thermal to inkjet platforms, TransAct has pioneered several standard-setting technologies -- including Epicentral™, the casino software system that prints personalized promotions right at the slot machine. TransAct printers provide top-quality tickets, promotional coupons, receipts and vouchers to ever-expanding markets worldwide. For more information on Ideemaxe, please visit TransAct Technologies will exhibit at G2E Asia 2013 May 21-23, at The Venetian Macao. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

Hope never abandons you, you abandon it."
--George Weinberg,
American psychologist, writer and activist

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